Bandhan Bank net profit falls 31.6pc to ₹550cr in April-June
1 min read . Updated: 15 Jul 2020, 03:00 PM IST- Operating profit during the quarter grew by 16.8 per cent to ₹1,584 crore while lender's deposits grew by 6.18 per cent
KOLKATA : Bandhan Bank on Wednesday reported a 31.6-per cent on-year decline in net profit to ₹550 crore during the April-June quarter.
The lender's bottomline in the corresponding period a year ago was ₹804 crore.
A Bandhan Bank statement said it has taken accelerated additional provision on standard assets amounting to ₹750 crore, due to the COVID-19 pandemic.
Operating profit during the quarter grew by 16.8 per cent to ₹1,584 crore as against ₹1,356 crore a year ago.
The lender's deposits grew by 6.18 per cent quarter- on-quarter, the statement added.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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